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let's go back to jessica yellin at the white house. more information coming in there as well, jessica. >> hi, wolf. that's right. i'm getting now some new details on what is in this deal. and according to a source familiar with the deal, it has been signed off on, again, by nancy pelosi, harry reid, and the president, and senator mitch mcconnell. it includes a two-month delay in the sequester. those are the automatic spending cuts that would kick in at midnight tonight. and it would be -- that two-month delay would be paid for by a combination of both the taxes that will come in when the increase kicks in for the top earners and it would also be paid for with spending cuts. and the spending cuts are going to be divided between defense cuts and nondefense cuts. that means issues that are important to democrats will take a bite, and issues that are important to republicans will be getting a bite taken out of them. the estate tax issue that's being debated, they sort of gave republicans what they wanted on this, and maybe ali can explain
let's go back to jessica yellin at the white house. more information coming in there as well, jessica. >> hi, wolf. that's right. i'm getting now some new details on what is in this deal. and according to a source familiar with the deal, it has been signed off on, again, by nancy pelosi, harry reid, and the president, and senator mitch mcconnell. it includes a two-month delay in the sequester. those are the automatic spending cuts that would kick in at midnight tonight. and it would be --...
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let's go to the chief white house correspondent, jessica yellin. what's going on at the white house? >> reporter: hi, ali. president obama is going to be out here in the briefing room to make a statement within the next five minutes. he's scheduled to speak. i expect that he will congratulate congress for getting this over the finish line and at least acknowledge -- tell americans that their taxes for the most part will not be going up. and then pitch immediately forward to the next battles that washington will be facing and urge everybody in washington to tackle them in a more expeditious manner. i would like to tell you already senate minority leader mitch mcconnell, the chief republican in the senate who negotiated this final deal with the white house has already sent over a statement engaging the white house on this issue. they sent this one to the press saying -- looking ahead to the next battle. mcconnell says now it is time to get serious about reducing america's out of control spending. it's a debate the people want, the debate we'll have n
let's go to the chief white house correspondent, jessica yellin. what's going on at the white house? >> reporter: hi, ali. president obama is going to be out here in the briefing room to make a statement within the next five minutes. he's scheduled to speak. i expect that he will congratulate congress for getting this over the finish line and at least acknowledge -- tell americans that their taxes for the most part will not be going up. and then pitch immediately forward to the next...
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let's go to the chief white house correspondent, jessica yellin. what's going on at the white house? >> reporter: hi, ali. president obama is going to be out here in the briefing room to make a statement within the next five minutes. he's scheduled to speak. i expect that he will congratulate congress for getting this over the finish line and at least acknowledge -- tell americans that their taxes for the most part will not be going up. and then pitch immediately forward to the next battles that washington will be facing and urge everybody in washington to tackle them in a more expeditious manner. i would like to tell you already senate minority leader mitch mcconnell, the chief republican in the senate who negotiated this final deal with the white house has already sent over a statement engaging the white house on this issue. they sent this one to the press saying -- looking ahead to the next battle. mcconnell says now it is time to get serious about reducing america's out of control spending. it's a debate the people want, the debate we'll have n
let's go to the chief white house correspondent, jessica yellin. what's going on at the white house? >> reporter: hi, ali. president obama is going to be out here in the briefing room to make a statement within the next five minutes. he's scheduled to speak. i expect that he will congratulate congress for getting this over the finish line and at least acknowledge -- tell americans that their taxes for the most part will not be going up. and then pitch immediately forward to the next...
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let's go to the chief white house correspondent, jessica yellin. what's going on at the white house? >> reporter: hi, ali. president obama is going to be out here in the briefing room to make a statement within the next five minutes. he's scheduled to speak. i expect that he will congratulate congress for getting this over the finish line and at least acknowledge -- tell americans that their taxes for the most part will not be going up. and then pitch immediately forward to the next battles that washington will be facing and urge everybody in washington to tackle them in a more expeditious manner. i would like to tell you already senate minority leader mitch mcconnell, the chief republican in the senate who negotiated this final deal with the white house has already sent over a statement engaging the white house on this issue. they sent this one to the press saying -- looking ahead to the next battle. mcconnell says now it is time to get serious about reach duesidu america's out of control spending. it's a debate the people want, the debate we'll h
let's go to the chief white house correspondent, jessica yellin. what's going on at the white house? >> reporter: hi, ali. president obama is going to be out here in the briefing room to make a statement within the next five minutes. he's scheduled to speak. i expect that he will congratulate congress for getting this over the finish line and at least acknowledge -- tell americans that their taxes for the most part will not be going up. and then pitch immediately forward to the next...
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jessica yellin is at the white house. she's getting more information as well. what are you learning? >> hi, wolf. it's my understanding there is a deal among the principles in this negotiation. and they have reached their fundamental agreement. all that's left now is to get the democratic caucus briefed on it and informed about the particulars. they won't formally announce that there is a deal until they have briefed the democratic caucus and let them know exactly what's in it. my understanding is that the vice president is not yet headed up there just at this moment, but he's heading there shortly, any moment. and will once he's in the room and talking to them, after that happ happens, they will be able to announce that deal. so this has come together just at the very last moment, as president obama predicted. everything takes until the very last minute in this town. and this did not fail. there are many hurdles left to overcome, and i reported earlier that among those hurdles are criticisms from progressive organizations, organizations allied with the democra
jessica yellin is at the white house. she's getting more information as well. what are you learning? >> hi, wolf. it's my understanding there is a deal among the principles in this negotiation. and they have reached their fundamental agreement. all that's left now is to get the democratic caucus briefed on it and informed about the particulars. they won't formally announce that there is a deal until they have briefed the democratic caucus and let them know exactly what's in it. my...
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dana bash and jessica yellin have been following this if feels like for years now. dana, what is the latest on capitol hill? the vote is, what, minutes away? >> probably minutes away. if you look at the house floor right now, dave camp, the chairman of the house ways and means committee is speaking. he is supposed to be the final speaker before we see this vote. hopefully it's not too far away. it has been sort of something that we don't see very much on the floor of us house, which is you have been hearing democrats and republican speaking in support of something and something that is not just passing a post office, it's something that has real consequence and it really has to do with very different positions when it comes to their philosophies on the economy. >> and, jessica, in terms of from the white house, what are you hearing? >> well, they've been watching this all night as closely as we have, anderson, and waiting for final passage. they've been optimistic all day that this would happen but they just want that last vote so they can breathe a sigh of relief.
dana bash and jessica yellin have been following this if feels like for years now. dana, what is the latest on capitol hill? the vote is, what, minutes away? >> probably minutes away. if you look at the house floor right now, dave camp, the chairman of the house ways and means committee is speaking. he is supposed to be the final speaker before we see this vote. hopefully it's not too far away. it has been sort of something that we don't see very much on the floor of us house, which is...
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we heard this from jessica yellin. that the president was going to again present the same offer that he had in the past week. if republicans didn't like that and didn't have a counter proposal, he was going to offer an up or down vote. what's interesting, candy, it didn't get to that point. instead of the president pushing for that up or down vote which sounds like a do or die last tactic, it didn't get there. instead, these five -- these four men and one woman decided that they had one last chance, that they talked over various ideas, various proposals. in the end because it seemed the fate of this fiscal cliff deal rests with the senate acting first. we know that from the house speaker and also because of procedure, they decided that the two lead senators should in fact meet and figure out that deal first. this is the actual progress that we've had in weeks but we don't know what will come of it. senators reid and mcconnell have about a day to come up with a deal. it sounds like the senate may not come in tomorrow, w
we heard this from jessica yellin. that the president was going to again present the same offer that he had in the past week. if republicans didn't like that and didn't have a counter proposal, he was going to offer an up or down vote. what's interesting, candy, it didn't get to that point. instead of the president pushing for that up or down vote which sounds like a do or die last tactic, it didn't get there. instead, these five -- these four men and one woman decided that they had one last...
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jessica yellin is cnn's chief white house correspondent. peer into the crystal ball for us, jessica. which of these scenarios is most likely? >> well, ali, i think that after yesterday it's slightly more likely that there will be some sort of agreement. that doesn't mean that there are a whole bunch of optimists running around d.c. saying it's going to get resolved. but what you describe sod well as a moment of spiritual clarity yesterday really did lead some to think that senators reid and mcconnell have done this before. they are two experts at getting together and crafting something that resolves things at the 11th hour. and if any two men with can do it, it is these two men. right now their staffs are working on negotiating that agreement. and so there's some hope that that could get done. i'd say more today than there was when we woke up yesterday morning, ali. >> all right, jessica. you called it jujitsu yesterday. >> yes. >> this is a tough position. the president has taken a tough line. he says i've got a proposal. you don't appear
jessica yellin is cnn's chief white house correspondent. peer into the crystal ball for us, jessica. which of these scenarios is most likely? >> well, ali, i think that after yesterday it's slightly more likely that there will be some sort of agreement. that doesn't mean that there are a whole bunch of optimists running around d.c. saying it's going to get resolved. but what you describe sod well as a moment of spiritual clarity yesterday really did lead some to think that senators reid...
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i want to bring in jessica yellin, our chief white house correspondent. jessica, we talked about chain cpi, this cake up a week ago and the president signaled he might think it's fair. in fact he said it again this morning on one of the sunday shows. that he might be okay with chained cpi. why has this become a point of contention over which the talks may be breaking down? >> because that was in the context of a much larger deal, ali, in which they were making much broader concessions, where democrats were getting more of what they wanted. republicans were conceding other points. that was in the context of a big deal with speaker boehner. now we're talking about the mini deal. the patch to get us through the new year. so democrats argue that this doesn't even have the votes to pass the house and the senate as dana says, it's a quote poison pill in the eyes of the democrats. we can continue to discuss that. i just want to bring awe little bit of news, if i may. while this all is as you put it, i think in very clearly, quote, disgusting and everything is mo
i want to bring in jessica yellin, our chief white house correspondent. jessica, we talked about chain cpi, this cake up a week ago and the president signaled he might think it's fair. in fact he said it again this morning on one of the sunday shows. that he might be okay with chained cpi. why has this become a point of contention over which the talks may be breaking down? >> because that was in the context of a much larger deal, ali, in which they were making much broader concessions,...
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thank you, jessica yellin. appreciate it. to new york now, joining us rick neuman, chief business correspondent for "u.s. news & world report." i want to ask you about the tax increase if there is no deal and tax rates rise, when would workers begin to see that reflekr reflected in their paychecks? when does the pain start? >> this is not one tax hike. this is about nine different sets of taxes. and the one that would go up right away is the payroll tax. that was cut temporarily in 2 009, cut by two percentage points and will go back up by two percentage points and that would come out of workers' paychecks right off the bat. it would add up to something like $60, $70 a month for the typical worker. we hear about all the tax rates that are going up, that actually wouldn't involve money that is in people's pockets until they actually pay their taxes or do their tax returns the following year. because that's when they would have to calculate the amount they owe and whether they paid enough taxes in 2013. so the good and bad news
thank you, jessica yellin. appreciate it. to new york now, joining us rick neuman, chief business correspondent for "u.s. news & world report." i want to ask you about the tax increase if there is no deal and tax rates rise, when would workers begin to see that reflekr reflected in their paychecks? when does the pain start? >> this is not one tax hike. this is about nine different sets of taxes. and the one that would go up right away is the payroll tax. that was cut...
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jessica yellin, thank you very much. democrats appeared to have accomplished one thing in their first day back from a shortened holiday recess. they shamed the republican leaders into calling their members back on sunday. radio correspondent lisa joins me from capitol hill, which is generally deserted this time of year. great to see you apart from their vast disagreements, we now have procedural hangups? what's going on with that? >> absolutely. as you know, the senate operates and lives and breathes procedure. this is one of the problems that faces the fiscal cliff deal. a filibuster could arise. you and jessica were talking about that. the hope for any deal before january 1st is that somehow minority leader mitch mcconnell could convince his troops, convince the republicans not to block it with a filibuster. each individual senator makes up their own mind, each senator has the right to stage a filibuster. so that's not something he can control entirely. a bigger issue, though, i have to edadmit, when you look at senato
jessica yellin, thank you very much. democrats appeared to have accomplished one thing in their first day back from a shortened holiday recess. they shamed the republican leaders into calling their members back on sunday. radio correspondent lisa joins me from capitol hill, which is generally deserted this time of year. great to see you apart from their vast disagreements, we now have procedural hangups? what's going on with that? >> absolutely. as you know, the senate operates and lives...
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and jessica yellin is our chief white house correspondent, and jessica, the president used his bully pulpit after that meeting to sort of reinforce the idea that senators need to get busy. so let's give that a listen first. >> the american people are watching what we do here. obviously, their patience is already thin. this is dejavu all over again. america wonders why it is that in this town for some reason you can't get stuff done in an organized timetable. why everything always has to wait until the last minute. well, we're now at the last minute. and the american people are not going to have any patience for a politically self-inflicted wound to our economy. >> jessica, you were in the room for the president's remarks and he said he was optimistic but he was also clearly a bit ticked off. so i'm wondering about this waiting until the last minute, the weekend, to get this all done. what is the mood in washington now, and how likely, is the real question, is there to be a deal? >> reporter: there's a little bit more hope now than there was 48 hours ago, martin. and there is a sense
and jessica yellin is our chief white house correspondent, and jessica, the president used his bully pulpit after that meeting to sort of reinforce the idea that senators need to get busy. so let's give that a listen first. >> the american people are watching what we do here. obviously, their patience is already thin. this is dejavu all over again. america wonders why it is that in this town for some reason you can't get stuff done in an organized timetable. why everything always has to...
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joining us now with the very latest, chief white house correspondent jessica yellin. jessica, was any progress really made today? was there any movement at all besides this being dropped in the senate's lap? >> well, by washington's standards, that is progress. and i know it's hard to believe, but the fact that all these leaders left this meeting in agreement about the next step is a hopeful sign. the good news here is that this could have been much worse. they could have come out of the meeting saying it's impossible to reach an agreement. we cannot even begin negotiations. there will be no deal. that did not happen. so the fact that they have a game plan for the weekend and for the next step, it's better than a lot of people hoped for. now everyone is 40e8ding their breath. >> i guess we have to be thankful for the little things. how did we get here? we heard the president say today he's mildly optimistic. why? >> it has to do with the tact it could have been worse. all the parties in there did want to get to a deal, that they would rather find a way out of this ins
joining us now with the very latest, chief white house correspondent jessica yellin. jessica, was any progress really made today? was there any movement at all besides this being dropped in the senate's lap? >> well, by washington's standards, that is progress. and i know it's hard to believe, but the fact that all these leaders left this meeting in agreement about the next step is a hopeful sign. the good news here is that this could have been much worse. they could have come out of the...
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yellin in washington. jessica has been monitoring events at the white house. you first reported to thanks minority leader mitch mcconnell, vice president bind have been in talks and i'm wondering, with no disrespect to the vice president what can he do? what does he bring? >> reporter: hi, martin. well, he bring morse than 350 years of experience on capitol hill and an ability to make deals. and you know, mick mcconnell, the senate minority leader said he was looking for a dance partner. i guess sort of -- you can think when you get bored dancing with one person, you switch over for a little while and try someone else. i have just been told that at this stage, it is senators mcconnell and biden and senator reid who are now again in the talks, sort of collectively so they are all in discussions broadly. and you know, i don't know, this thing has been dead and alive and dead and alive so many times it is hard to sense where the pulse really is but the vibe i'm picking up from the e-mails i'm getting now, the
yellin in washington. jessica has been monitoring events at the white house. you first reported to thanks minority leader mitch mcconnell, vice president bind have been in talks and i'm wondering, with no disrespect to the vice president what can he do? what does he bring? >> reporter: hi, martin. well, he bring morse than 350 years of experience on capitol hill and an ability to make deals. and you know, mick mcconnell, the senate minority leader said he was looking for a dance partner....
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yellin. jessica, the president says he's modestly optimist being but each also presented a backup plan. does the president really think it will come to that? >> at this point, no, they don't, john, because the white house is hopeful that the agreement that the senators are working on can actually move forward after the meeting here. there is a modest uptick in enthusiasm about that possibility. but as forts backup plan, there's no real likelihood that would ever come to a vote because republicans would likely block it in both the senate and might -- it would likely not come to a vote in the house. so that's really more rhetoric than it is reality and we have to hope for option a, getting an agreement in the senate if we're going to avoid going over the cliff. >> rhetoric versus reality. that's always a tricky place to be in washington. listen, this is some serious high stakes political poker here. what can you tell us about the meeting at the white house today? >> well, we've heard different
yellin. jessica, the president says he's modestly optimist being but each also presented a backup plan. does the president really think it will come to that? >> at this point, no, they don't, john, because the white house is hopeful that the agreement that the senators are working on can actually move forward after the meeting here. there is a modest uptick in enthusiasm about that possibility. but as forts backup plan, there's no real likelihood that would ever come to a vote because...
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let's bring in jessica yellin. i understand that we just heard from the vice president joe biden who has played an important role in putting this deal together. >> that's right, wolf. the vice president playing the role of the informal go-between, the negotiator with senate majority leader mitch mcconnell being an informal commentator now. well, the entire staff here at the white house has been watching, waiting and anxiously he anticipating word from the hill as this snag has arisen in the afternoon. frankly here at the white house they sort of, i get the sense, for it to be on the way to resolution by now. folks on the inside have been hungry. that mess is closed at the white house and the vice president took it on himself to go out and get some sandwiches and left the white house grounds and took a stroll across the street to pick up lunch for himself. i think we can play the video on his walk over to potbelly. someone asked him a question. this is what he said. >> mr. vice president, are we going to avoid the f
let's bring in jessica yellin. i understand that we just heard from the vice president joe biden who has played an important role in putting this deal together. >> that's right, wolf. the vice president playing the role of the informal go-between, the negotiator with senate majority leader mitch mcconnell being an informal commentator now. well, the entire staff here at the white house has been watching, waiting and anxiously he anticipating word from the hill as this snag has arisen in...
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let's go to our white house correspondent jessica yellin is standing by. it looks like the president is going to get a win out of this. >> yes, wolf, this is what they have been waiting for, but they're not breathing a sigh of relief yet because this is not done till it's done. but they've been watching all day, as we have. this is one time when they're essentially spectators. once this hit a snag, once it went over the house, there was really not much they could do. you know, the vice president was over there this morning talking to house democrats because they knew that ultimately, once it got to the house floor, as dana pointed out, it would be democrats who will have to pass it. he answered a lot of democratic questions and concerns there, took some 20 questions i'm told for 45 minutes, laid out exactly step by step the process by which he negotiated this and got to this point and really made the case, and i'm told by multiple sources who were in the room that he was very persuasive. and the people here at the very highest levels are very confident tha
let's go to our white house correspondent jessica yellin is standing by. it looks like the president is going to get a win out of this. >> yes, wolf, this is what they have been waiting for, but they're not breathing a sigh of relief yet because this is not done till it's done. but they've been watching all day, as we have. this is one time when they're essentially spectators. once this hit a snag, once it went over the house, there was really not much they could do. you know, the vice...
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jessica yellin is our chief white house correspondent. joe biden looked pretty relaxed about this whole thing. how's the white house feeling? >> reporter: what he said actually reflects the mood inside this white house, which is a sense of cautious optimism, despite the stalling and the stop and go up on capitol hill right now. there is a belief here that if nothing else, a need for political survival will motivate the house to get this over the finish line, maybe as early as before midnight tonight. there also is a belief here that they have the democratic votes to get the fiscal deal passed if and when speaker boehner puts it on the floor. there is no doubt here that they have the votes to get it done, and you know, the president himself has said yesterday that this congress takes every last minute when they have it to do something, so there's not actual surprise that this has become such an ugly struggle. what they would expect, i think, is that you would see this spending measure dana was talking about get voted on and then if that go
jessica yellin is our chief white house correspondent. joe biden looked pretty relaxed about this whole thing. how's the white house feeling? >> reporter: what he said actually reflects the mood inside this white house, which is a sense of cautious optimism, despite the stalling and the stop and go up on capitol hill right now. there is a belief here that if nothing else, a need for political survival will motivate the house to get this over the finish line, maybe as early as before...
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want to bring in jessica yellin at the white house. you, too, were up late early in the morning here. the president, how does he feel things are going? we went over the cliff but clearly there's still more work to be done. >> reporter: well, look, they're not coming out and talking so they're being careful and letting the process unfold as it needs to. but there's a sense here that this deal will get done. and that they have wrapped up this -- this part of the process will be wrapped up today, suzanne. and you know, i'd say that there's also a sense here that the president did get a win. that's the view from this end of pennsylvania avenue. there are many different views on the other end. the sense here is that, for example, this is as they're saying in their talking points the first bipartisan agreement to raise taxes on the wealthy in 20 years. now, that is, in fact, an accomplishment for a democratic president they got a concession from the republican party to let taxes increase on the wealthy. you know we should acknowledge that in
want to bring in jessica yellin at the white house. you, too, were up late early in the morning here. the president, how does he feel things are going? we went over the cliff but clearly there's still more work to be done. >> reporter: well, look, they're not coming out and talking so they're being careful and letting the process unfold as it needs to. but there's a sense here that this deal will get done. and that they have wrapped up this -- this part of the process will be wrapped up...
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let's go to jessica yellin. if you've been watching over the last several hours, you get conflicting information. is there a deal or not? >> the white house is optimistic there will be a deal. republicans in the senate are confident there will be a deal. senate democrats are still holding out for more changes in this deal. and so right now, there's still that last haggling over certain sticking points that democrats want to see in this negotiation. and it's one of the reasons we understand that vice president biden is set to go up there. now, that's once the deal is done and sealed. the reason the vice president would go up there, it's to sort of sell the deal, basically, and answer questions and reassure members about the points in it and also i would expect, about what the administration would do in the future so that they feel that they'll live to fight another day on the big issues that aren't resolved here but they want resolved down the line. >> here is the thing, we have been worrying for the last week th
let's go to jessica yellin. if you've been watching over the last several hours, you get conflicting information. is there a deal or not? >> the white house is optimistic there will be a deal. republicans in the senate are confident there will be a deal. senate democrats are still holding out for more changes in this deal. and so right now, there's still that last haggling over certain sticking points that democrats want to see in this negotiation. and it's one of the reasons we...
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. >> let's get straight to our chief white house correspondent jessi jessica yellin. she's over at the white house with the very latest. the president seems pretty optimistic that it's within a few hours we could have a deal, right? >> reporter: wolf, the people i just spoke to here say they are no more or less optimistic than they were this morning. which is to say they are not cueing the confetti just yet. senator mitch mcconnell, the republican leader on the hill, is still talking to the white house. the white house is in constant contact with the democratic leader harry reid. and they're working towards some kind of an agreement. but the white house has all along had -- during these past few days, been somewhat hopeful that they could reach some kind of agreement in the senate. all along, they have been far less optimistic that there would be an agreement that can get through the house. only because from the white house's perspective, from democrats' perspective broadly, they've been let down time and again by speaker boehner. they've never been able to reach a de
. >> let's get straight to our chief white house correspondent jessi jessica yellin. she's over at the white house with the very latest. the president seems pretty optimistic that it's within a few hours we could have a deal, right? >> reporter: wolf, the people i just spoke to here say they are no more or less optimistic than they were this morning. which is to say they are not cueing the confetti just yet. senator mitch mcconnell, the republican leader on the hill, is still...
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jessica yellin. happy holidays. come to new york. thanks. >>> your top stories, heated political differences are common, but a dispute in albuquerque? that one nearly ended in gun violence. >> drop the gun! >> drop the gun now! >> one man was arrested after pulling a gun on another during an argument over the anti-obama sticker. both the victim and the gunman were military veterans. the victim an older man in his 60s during offense over a bumper sticker on the younger vet's vehicle. a fight escalated and when police arrived shs the older man was on his knees at the back of his head. police got there just in time. >>> and it is not looking good for this 60-foot whale discovered on a new york beach. firefighters yesterday were dousing it with water in an effort to keep it breathing. they haven't been able to get to the beach because of a storm. the whale is emaciated and will likely die soon. the whale was first spotted by a person walking along the beach at breezy point yesterday. >>> starbucks has two words for policymakers in washin
jessica yellin. happy holidays. come to new york. thanks. >>> your top stories, heated political differences are common, but a dispute in albuquerque? that one nearly ended in gun violence. >> drop the gun! >> drop the gun now! >> one man was arrested after pulling a gun on another during an argument over the anti-obama sticker. both the victim and the gunman were military veterans. the victim an older man in his 60s during offense over a bumper sticker on the younger...
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yellin and i are told by multiple sources that it does seem that at this point, at this late hour, the talks are primarily centered around and between these two men, between mitch mcconnell, the senate republican leader, and joe biden, the vice president. harry reid, the senate democratic leader is certainly very well-informed. he's kept apprised of what's going on just as the house speaker on the other side of the capitol is as well but these two men are probably hopefully going to work late into the night, maybe early in the morning to see if they can come up with some way to put this in real terms for americans, some way to avert the taxes for every american going up in a big way starting tomorrow night. >> so it's no burning the midnight oil for the senate because they're gone, and congress now, do we know? >> reporter: the senate has decided to formally -- the senate majority leader harry reid said about an hour ago that effectively there won't be any votes tonight. so the hope for getting a deal today that the senate can vote on which was the hope even going into the day, that's
yellin and i are told by multiple sources that it does seem that at this point, at this late hour, the talks are primarily centered around and between these two men, between mitch mcconnell, the senate republican leader, and joe biden, the vice president. harry reid, the senate democratic leader is certainly very well-informed. he's kept apprised of what's going on just as the house speaker on the other side of the capitol is as well but these two men are probably hopefully going to work late...
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jessica yellin, thanks. >>> and january 1st is the deadline to make a deal on the fiscal cliff. for some states, it's a day that a series of new laws are going to take effect. let me get you clued in here. in california, talking more than 800 new laws, including one requiring apartments and condos to install carbon monoxide detectors. separately, employers will no longer be able to ask job applicants for log ins to social media accounts, such as facebook and twitter. and the increase between 28 cents and 37 cents per hour affects more than 1 million low-income earners. thanks to laws that have lower minimum wage to keep price. and the price of stamps is set to go up? e, again, by a penny, on january 27th, which brings the price of sending first-class mail to 46 cents. >>> well, the senate has also approved a five-year extension of the foreign intelligence surveillance act allowinging the government to eavesdrop on overseas phone calls and e-mails from potential terrorists. they say it's protected us from more attacks like 9/11. others argue the bill could be abused. the bill is
jessica yellin, thanks. >>> and january 1st is the deadline to make a deal on the fiscal cliff. for some states, it's a day that a series of new laws are going to take effect. let me get you clued in here. in california, talking more than 800 new laws, including one requiring apartments and condos to install carbon monoxide detectors. separately, employers will no longer be able to ask job applicants for log ins to social media accounts, such as facebook and twitter. and the increase...
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jessica yellin is at the white house. jessica, what is the mood after the vice president's meeting there? >> reporter: hi, deb. first of all, the vice president's motorcade just got back here to the white house. so clearly work continues. there is a sense still that things are progressing and this is going to come to completion. it's not surprising to anybody that there are concerns by democrats and that some of them would voice them. the vice president's meeting lasted about 90 minutes. obviously if everything was smooth sailing, it would have lasted much less time. so but they're used to that. vice president biden has done these deals now three times. and he goes up there and is sometimes the punching bag and listens to what democrats have to complain about, takes it all on board, explains to them. one person in the room i thk tweeted out and described it as a bit of a filibuster by the vice president. but he is done now and back and the white house is confident. i wouldn't say overly confident, but they feel good that
jessica yellin is at the white house. jessica, what is the mood after the vice president's meeting there? >> reporter: hi, deb. first of all, the vice president's motorcade just got back here to the white house. so clearly work continues. there is a sense still that things are progressing and this is going to come to completion. it's not surprising to anybody that there are concerns by democrats and that some of them would voice them. the vice president's meeting lasted about 90 minutes....
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jessica yellin is there. jess, what do we know about the president's plan to get everybody in the same room? do we think there's going to be something that comes out of this? >> reporter: well, this is one of those cases where we really are going to have to wait and see, and all the parties involved are also going in with a big question mark. the idea is the expectation by many of the participants in the meeting is that they hope that they will be able to discuss more details about a scaled-down fiscal cliff plan. and maybe that could lead to some sort of agreement ideally for all parties in which all the senators say that they will not filibuster it, and it can go to a vote. and then speaker boehner could, in theory, agree to bring it to a vote on the house floor after the house comes back on sunday. and then we would get all of this behind us before new year's eve. how likely does that sound? not so likely. >> you and i are both kind of laughing about that one. so the stumbling block, of course, over raisin
jessica yellin is there. jess, what do we know about the president's plan to get everybody in the same room? do we think there's going to be something that comes out of this? >> reporter: well, this is one of those cases where we really are going to have to wait and see, and all the parties involved are also going in with a big question mark. the idea is the expectation by many of the participants in the meeting is that they hope that they will be able to discuss more details about a...
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senator mcconnell as our jessica yellin reported, he reached out to joe biden and that is a sidebar conversation, but an important one, because the two of them have a longstanding relationship, and joe biden was a senator for three decades, and they have worked through the bipartisan deals before and like the actual tax cut extension that happened a couple of years ago and the second thing that you hear claire mccaskill, the democrat, talk about is that republicans are holding out for taxes for the rich. that is something that we heard the president talk about ad nauseam on the campaign trail for over a year, but it really does seem to be a boiling down to those same arguments, and the same philosophical differences behind closed doors and then technically, process-wise, what is going on is that they have to figure out where the threshold is for how high of an income you have to raise enough votes in the house where there is a big republican majority in order to get it to the president's desk. >> a lot of information, dana. standby, because even though the senate has gone home, still maybe more
senator mcconnell as our jessica yellin reported, he reached out to joe biden and that is a sidebar conversation, but an important one, because the two of them have a longstanding relationship, and joe biden was a senator for three decades, and they have worked through the bipartisan deals before and like the actual tax cut extension that happened a couple of years ago and the second thing that you hear claire mccaskill, the democrat, talk about is that republicans are holding out for taxes for...
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jessica yellin is joining us. i have not talked to a soul in the last week who believes that they are actually going to get a deal before january 1st. what is the temperature at the white house at this point? >> reporter: negotiations, candy. what do you mean by negotiations? i can actually report right now, thanks to our own ted baron and dana bash that harry reid, the senate majority leader, and minority leader mitch mcconnell are meeting right now as we speak. perhaps there could be incremental progress. but as you well know, time is running out and the president today spent his day behind closed doors. he did cut his vacation short after he came home from hawaii to at least be here and try to put on some kind of an agreement and as we go over the fiscal cliff, both sides seem to be working hard to do that. the president spoke with congressional leaders from hawaii last night and tried to get a sense of where we are and now it's sort of sits in the hands of the senate and the house comes back into session on su
jessica yellin is joining us. i have not talked to a soul in the last week who believes that they are actually going to get a deal before january 1st. what is the temperature at the white house at this point? >> reporter: negotiations, candy. what do you mean by negotiations? i can actually report right now, thanks to our own ted baron and dana bash that harry reid, the senate majority leader, and minority leader mitch mcconnell are meeting right now as we speak. perhaps there could be...
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chief white house correspondent jessica yellin on the north lawn tonight. dana, i'll start with you. you listened to big talk on the intro. today was finger pointing and political chicken, but both sides will be talking to each other tomorrow instead of at each other. what is the latest on that? >> that's right, they're going to all be going to the white house. when i say all, i mean the top four congressional leaders, democrats and republicans, to sit down with the president. i'm told by a senior democratic source here in the senate that the expectation is if they can't figure out a path forward over the next three days in this meeting tomorrow, a way to actually pass something to avertthe fiscal cliff, then it is very likely, almost definite, that we will go over the cliff. i have to tell you that sources in both parties think that's the likelihood at this point anyway, but this meeting tomorrow is absolutely going to be crucial. and what the senate republican leader mitch mcconnell who you just heard from there, what he's saying he hopes to get from the
chief white house correspondent jessica yellin on the north lawn tonight. dana, i'll start with you. you listened to big talk on the intro. today was finger pointing and political chicken, but both sides will be talking to each other tomorrow instead of at each other. what is the latest on that? >> that's right, they're going to all be going to the white house. when i say all, i mean the top four congressional leaders, democrats and republicans, to sit down with the president. i'm told by...
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jessica yellin, she has the latest from the white house. we've got dana bash following the developments on capitol hill. i want to start off with you, dana. what do we know about a possible compromise on the senate siepd what they might be proposed in fairly short order? >> compromise, i'm not so sure we'll see that. but i was told by a republican senator and democratic senator that the pr indicated before he left for hawaii that he, the president, is expected to send a piece of legislation up today with his scaled back tax plan. that's something that the president outlined in general terms on the friday before he left for hawaii and since then what we've been hearing from republicans, particularly mitch mcconnell's office is we can't talk about whether we can pass anything until we actually see the legislation. so our understanding from these sources who are familiar with the call and familiar with the process is that the president will put the plan in legislate lative language. what is the plan? the president's tax plan he campaigned on f
jessica yellin, she has the latest from the white house. we've got dana bash following the developments on capitol hill. i want to start off with you, dana. what do we know about a possible compromise on the senate siepd what they might be proposed in fairly short order? >> compromise, i'm not so sure we'll see that. but i was told by a republican senator and democratic senator that the pr indicated before he left for hawaii that he, the president, is expected to send a piece of...